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CSPAN
Mar 6, 2014 2:00am EST
badly flawed medicare payment system for doctors, enacting bipartisan tax reforms that make the tax code more fair, and more pro-growth, shoring up our transportation system and helping american workers compete in tough global markets. and we're very pleased to have the secretary here today to discuss the president's 2015 budget. this conversation with the budget is different than it's been in recent memory because this year the congress is actually operating under a bipartisan budget agreement. the government isn't closing down. so there's an opportunity to pivot from these budget battles and to focus on the big challenges before the country. i would submit that the top challenge is sustaining and expanding our middle class. today america has what i call a dollar tree/neiman marcus economy. as has been noted in several publications the bargain stores are doing well and the high end retailers can't keep enough of the expensive items in stock. but stores that cater to the middle class are hurting. every one of our big economic challenges depends on sustaining and growing the middle c
CSPAN
Mar 4, 2014 8:00pm EST
manufacturing. building on the model established in ryan-murray, it is paid for with spending cut and tax reforms. it is deficit neutral. supporting what the president said in the state of the union, there is a series of programs to create jobs. it lays out $302 billion infrastructure proposal that is paid for with pro-growth tax. it strengthens the manufacture base and supports groundbreaking research to fight disease, protect the environment and develop new technology. it enhances the administration's management efforts to deliver a government that is more efficient and supportive of economic growth. and it will expand opportunity for all-americans. it doubles the maximum value of the earned income tax credit to encourage people to enter the workforce. and makes high quality preschool available to every four year old. and drive workforce training. it will focus on the primary drivers of long term debt and deficits. it builds on the forms of the affordable care act and continues to slow health care cost growth while improving the quality. it will curb tax breaks that benefit the wealthie
CSPAN
Mar 4, 2014 12:30am EST
unlikely the united states will be able to collect much of the loss tax revenues from aliens hidden overseas. i don't buy their narrative. the american people shouldn't darsha the department of justice mr. cole. i ask you to keep in mind in use already available legal tools at your disposal rather than relying upon the treaty process. so i guess my first question mr. cole is niche or even if the senate ratifies the 2009 protocol to amend the convention between our two countries for the avoidance of double taxation the justice department will be no closer to obtaining information from noncompliant bank accounts close prior to 2009? >> senator that's true. the 2009 treaty only applies to matters and situations after the september 2009 time that it was put into place. >> so basically never certainly in the way we are urging information about noncompliant tank accounts that were close prior to 2009. >> i don't think that's necessarily the case. >> how do you do that then? >> the program we have is going to require that hanks even prior to 2009 go back into 2008 and provide us with the i
CSPAN
Feb 26, 2014 10:00pm EST
institutio institutioe u.s. clients avoid paying taxes. that was part of a hearing today on offshore banking. it's next on c-span2. >>> ahead of the federal reserve will testify on capitol hill tomorrow morning the senate subcommittee investigation accused the swiss bank of trying to hide the accounts of 22,000 u.s. citizens so they could avoid paying taxes. the panel headed by carl levin is called from the justice department to force the bank to hand over the names of u.s. citizen good morning everybody. the permanent subcommittee on investigations will come to order. the american public is angry about offshore tax abuse, efforts by well-off americans to ebay to their u.s. tax obligations by hiding money offshore. at today's hearing follows up on a hearing that the subcommittee held five years ago in 2008 when we presented evidence that well-known international banks located in secrecy jurisdictions were deliberately hoping u.s. clients cheat on their taxes by opening offshore accounts never reported to the irs despite a u.s. law requiring the disclosure. the hearing focused in part
CSPAN
Mar 6, 2014 4:00am EST
stake out given this tax code is a disfunctional mess. i call it a rotten carcass of an economic system. it clearly doesn't work. what are the other possibilities for some common ground early on as we tackle this in a bipartisan way? >> mr. chairman, i know you worked for years trying to put together bipartisan approaches here and we've talked about some of the technical issues in there and what it takes to have bills that truly are revenue neutral. i think that on the individual side right now, we've seen for several years the challenge of getting beyond the fiscal debate, and i think the notion of doing revenue neutral individual tax reform is something that would be very challen challenging without doing a broader fiscal agreement because it's not likely in a generation dumais jor tax reform and come back and address the tax code again. that led the president to the view in july while he wants to pursue comprehensive tax reform and hopes we're in an environment we have a fiscal frame that permits us to make progress there, on the business side there is much more of a coming to
CSPAN
Feb 27, 2014 12:00pm EST
whole range of services for an individual with a disability, that they can do that in a tax-free -- i should say a tax-advantaged environment and so they can save over time and do it in a manner that doesn't put them at a disadvantage from a tax standpoint down the road. so sara is a great example of why the able act should pass, and she is doing more than her share to make sure that it does pass, so i'm grateful to sara wolfe for doing that. especially grateful to people like sara who like a lot of us at some point in our lives have to overcome the tragedy. sara lost her mother connie not too long ago to a sudden and rapid illness, but she has been able to -- to deal with that tragedy and still help us day in and day out to get the able act passed. i will highlight one more story and then i will conclude. angie king is a 28-year-old who lives in indianapolis, indiana, and like sara wolfe, she lives with downs syndrome. she has had -- angie has had five different jobs and works five days a week. she works paid positions at kohl's on mondays and at the ymca on fridays. on tuesdays, wed
CSPAN
Feb 25, 2014 10:00pm EST
surprised by. financial assistance is available in two forms. tax credits which reduce the cost of premiums and are available to anyone with incomes between 100% and 400% of the federal poverty level. cost sharing reductions are additional assistance available to a subset of those folks, between 100 and 250% of the federal poverty level and those cost sharing reductions fill in the gaps and deductibles and co-pays in health insurance product that people buy. so together tax credits and cautionary reductions provide the core of what the marketplace adds to the health insurance market that financial assistance making coverage affordable for lower and middle income families. to date 82% of the people who have enrolled in a plan through the health insurance marketplace are receiving financial assistance, tax credits orcusion nary re -- or cautionary reductions or both. that number started out low and we've seen tremendous exc acceleration and now the vast majority of people signing up are receiving financial assistance to make that coverage more affordable for them. one of the more sur
CSPAN
Mar 3, 2014 8:30pm EST
corporate tax breaks. we will have live coverage at 11:30 a.m. eastern on c-span. >> c-span 2 provided key coverage and booktv. the only television network devoted to non-fiction books and authors. >> sweeds have been accused of trying to hide the accounts of 22 united states citizens. carl levin is calling on the justice department to hand over the names of those who used the bank at a -- to alem ledgedly avoid paying taxes. >> good morning. the meeting will come to order. the american public is angry about offshore tax abuse and efforts by americans to evade their tax obligations by hiding money offshore. today's hearing follows up on a meeting this subcommittee held in 2008 when we presented evidence that well-known banks were deliberately helping united states clients cheat on their taxes by opening offshore counts never reported to the irs despite united states law requiring their disclosure. the hearing focused in part on ubs, the largest bank in switzerland that had 52, 000 customers and $18 million in assets. and sent swiss bankers on u.s. soil to assist them. they acknowledged
CSPAN
Feb 27, 2014 6:00pm EST
treasury from assigning tax statuses to organizations based on their political beliefs and activities. h.r. 3865, an act to prohibit the internal revenue service from modifying the standard for determining whether an organization is operated exclusively for the promotion of social welfare for purposes of section 501-c-4 of the internal revenue code of 1986. mr. reid: i ask for a second reading on each of these four measures but object to my own request. the presiding officer: objection having been heard, the bills will have their second reading on the next legislative day. mr. reid: i ask unanimous consent when the senate completes its business today it adjourn until monday, march 13, 2014, following the prayer prairp, the morning business be deemed expired, and the time for the two leaders reserved for use later in the day. following any leader remarks, the senate be in a period of morning business until 5:00 bm with senators permitted to speak therein for ten minutes each, following morning business senate proceed to executive session to consider the nomination of debo p. adegbile adegbi
CSPAN
Feb 28, 2014 8:00am EST
upstream issues the complexity of the tax code. .. >> one of the unintended consequens of the irs having to shift people from one function to answer telephone calls, one of the areas in which they do this is especially trouble aring because it's -- troubling because it's, they take people who were working identity theft cases who are working to help identity theft victims and literally having these individuals stop in midstream and move to telephone answering how do you complete a return and what have you, and which causes immense delays in helping victims of identity theft which as members of this committee know is a massively growing problem and especially if you're the subject, if you're the victim involved is very frustrating. and so it's just a point, again, of -- it's a zero sum game. they need resources to do it all. this aca -- most americans have no idea of the massive role that the irs is going to play in the implementation of the affordable care act. and the irs, once again, will have to make some tough choices as to what to focus upon. >> thank you. i don't have any fu
CSPAN
Mar 5, 2014 2:00pm EST
class as well. it would probably work. but it is a huge controversy from the taxes. ... thank you for taking my call. independent because most of us americans have caught onto the big blame game. , andeach blame each other basically they are on the same team. they have different ways to go about it. my main problem is the epa. we are giving him close to $8 million, and it'll do nothing for us. they let the fracking industry go unregulated, they let solar management go unregulated. they are spraying our skies, trying to dim the sun to fight global warming. nobody knows about it. 02 global sky watch and you can find out all aut i i o knowre i i want to know where is the epa protecting us from this, his name is david frum nasa and he wants to spray and he has been spraying our sunlight dependent. >> host: zachary goldfarb, i know you don't cover epa specifically but the president, climate change is part of the agenda this year. >> guest: that's right and the president is putting money into funding and he proposes billions of dollars for climate research and for related endeavors. epa
CSPAN
Feb 27, 2014 12:00am EST
showing of compliance with their u.s. tax laws and we talk about u.s. customers, 18,900 of those accounts were closed and today there is about 3500 that you have determined are in compliance. are those numbers correct? >> those numbers are correct as of today but i would like to add that in total we have breathed you'd been verified tax compliance of -- of which 3000 have been closed and the number you have mentioned are still with us. >> so what is the total number of accounts that no longer have the 22,000? >> 8000 that you mention. >> all right. and if i may add mr. chairman we had a large population of u.s. resident clients. i think i would say 11,000 i believe. they had account balances below 1 million dollars in assets under management. they were not even given the option to stay because to move to one of our holy u.s. licensed broker-dealers you needed $1 million as a minimum balance so it let them thousand of these 19,000 or 18,000 did not have the opportunity to prove tax compliance. >> all right. mr. cerutti your u.s. persons policy required that suisse accounts open fo
CSPAN
Mar 6, 2014 4:00pm EST
billion energy tax every year on american consumers and businesses. what do i mean by "energy tax"? but i meaning but for that exploitation, consumer bills would be $62 billion lower per year over the next ten years. can you imagine a debate out here in the united states senate over increasing $62 billion worth of taxes on americans in one year? we would come to a standstill if we had that kind of debate. but because it's part of energy policy, people just assume that it's something that's outside of the per view of what should be -- purview of what should be a great national debate, which we are having. let me just tell you right now, low-cost domestic natural gas has allowed the united states to add, let me say this, 530,000 manufacturing jobs since 2010, according to dow chemical. if low prices continue, we could add 5 million more jobs in the manufacturing sector by 2020. who says this? america's energy advantage. who is ea in that organization? dow, alcoa, new corps, other american corporations. what do they relate the manufacturing revival in our country to? low-price energy
CSPAN
Mar 5, 2014 12:00am EST
included spending cuts in exchange for tax revenue. unfortunately, his compromise and the other compromise discussed did not make it through. the committee, in a sense, failed to come to conclusion to propose to the senate and the house a compromise that could be lived. .. >> i want to welcome the senator from pennsylvania senator to me. >> toomey. >> excuse my voice it sounds worse than it is. think you for having me today and for his kind introduction and from universal health services it was allen's idea that i'd be invited to speak with you this morning and i appreciate that but i was a little surprised to be honest because allen knows about my notorious weaknesses with the public speaker and invited me any way. i say notorious for meet -- for be the department of public speaking made clear by only a smile -- of small child. i have three little kids into are not so little but my eldest is a little girl when she was in the second to parade the school had a program where you are invited to come into the class to explain what you do for a living. i stood up in front of 257 year-old kid ex
CSPAN
Feb 28, 2014 12:00pm EST
few and that includes protecting the tax loopholes and benefits for the wealthiest and the well-connected in the society and that includes as we talked about earlier this week the refusal to entertain the closing of some of those loopholes as a part of a compromise approach dealing with our media and the long-term deficit challenge is. so yes the president will talk about why it's so important for democrats to advance an agenda that is focused on expanding opportunities for all. and as he has and i have as well it is certainly worth noting in the contrast, and he will again tonight with an agenda that is focused on protecting the loopholes and prerogatives of the wealthiest and the well-connected and again from expanding or protecting the opportunity for a few. >> it sounds like a campaign. when you say opportunit see oppa few yesterday you were saying the chairman proposal has had some good potential to it. >> and they rallied around it. >> the president met earlier this weekend talked about immigration reform. >> obviously the president, like all republican leaders including t
CSPAN
Feb 28, 2014 2:00pm EST
method of calculating the agreements and whether it is tax deductible and so on and the disclosure would be required up front at the time this is announced. now the fed doesn't have to wait for congress to do that, you could voluntarily adopt that public disclosure now. will you do that? >> i agree with you, it is important for us to disclose more and to disclose as much as we can. and we'll look at that very carefully and try to provide for mfgs. >> so in principal we're talking about more disclosure here. >> correct. >> i think this is really important because this is about accountability. we want to hold our financial institutions accountable but it means accountability for our regulatory -- >> i agree. >> and i want to follow up onp senator brown's question about too big to fail. you said we have made significant progress but much work remains to be done and i agree. but since the financial crisis in 2008, the five largest financial institutions are 38% larger than they were back then. so my question is, what evidence would you need to see before you could declare with confidence tha
CSPAN
Feb 28, 2014 6:00pm EST
inspector general for tax appropriation. mr. george is a right of a witness was subcommittee, and we appreciate his careful and costs of oversight. we have not heard in some time for ms. olson, so we are especially eager to your former. as a matter of housekeeping and going to be following a five minute rule for the members. i don't plan on cutting in the woody off in the middle of their sentence, but if everybody can keep their questions and comments and get to that part of the program to five minutes that will give us a chance to hear from anybody and have maybe more than one round of questions. and going to recognize the members in order of seniority, those that were here when the gavel went down. for the latecomers we will recognize them based upon their arrival and will go back and forth between the parties. i think most of you know the 2014 appropriations cycle tested higher endurance. it was only asked to go after the fiscal year started and we and the government shut down of the budget committee came to an agreement on the discretionary spending. once we had that agreement en
CSPAN
Mar 6, 2014 8:00am EST
forward and saying, well, here are some tax loopholes we'd close, raise revenue through taxes. through many celebrated dinners and meetings and coffees with the president, republicans never offered a single tax loophole or a single dollar this revenue, so our view was we'll go pack to the way we traditionally did the budget. if they want to come back and do that, it'll be there, but we returned to a normal order of budgeting. >> with yesterday you were on air force one, you traveled with the president to connecticut. he was talking about the budget. his new focus on income inequality, do you see that helping or hurting red and purple state senates who are up -- senators who are up in '14? >> i think the way the president looks at it is there is a, the challenge for the american economy and for middle class folks and folks who want to get in the middle class is shrinking opportunity, shrinking mobility. one of the causes of that is the growing, is growing income inequality. there are also some larger factors like globalization, changes in technology that allow, you know, factor
CSPAN
Feb 26, 2014 6:00am EST
measures which will help people out of poverty like cutting tax on low pay, like helping troubled families? because there's nothing particularly moral about borrowing even more borrowed money come a system which can trap people in poverty. >> i think my right honorable friend is distinguished churchmen himself. talks perfect sense. there's nothing moral about running up huge deficits, about out of control welfare bills. if we don't deal with these problems the whole country will be poor. i think we should listen to the words of george carey, the former archbishop of canterbury who said this. the churches should be aware of the dangers of blindly defending a gargantuan welfare budget that increases politician would cut as a matter of economic common sense. i think serious politicians have to engage in this and that should go for everybody. >> ed miliband. [shouting] >> mr. speaker, i join my honorable friend and the prime minister in congratulating team gb on a brilliant performance at the window limits but as the threat of floods passes there's thousands out of their homes. some a
CSPAN
Mar 2, 2014 11:00am EST
point to set up the big tent on land of the black community. black people pay taxes to. we have a right to use this land. but in many places the local authorities said they cannot do it any way. but the police let it happen so it would not escalate. but at this point it is close to the and there is 1,000 people participating. they come to the ball field of the elementary school where they decided they would put the tents even though police arrested the indians grew. at first they let them do it then the huge contingent of cars of highway patrol supposedly that are protecting them now come out with riot gear and launch tear-gas. not as crowd control to push people off but they are launching directly into the crowd to punish them. then they moved their way in and hitting people with night sticks and pulling hair and kicking them it is absolute chaos. it is practically dark at that point it was as harrowing violence that existed within the movement but because it is dark and smoky there are no real iconic images it does not get the support of the federal government because even after
CSPAN
Mar 6, 2014 12:00am EST
tax reform and how that will fund the projects. there is one time transition money. that happens in any system. you see it in terms of this one time revenue. we would like t >> while it encourages growth in the u.s. while you would encourage growth anden investment in the u.s. you will also encourage both india, infrastructure. in tefrps rms of tax reform. trying to put together two things that are about growth and the economy and things that we can come to agreement on. >> i think when you look at the provisions. raise the minimum wage. saying that people can reduce the hours of work. if you look at the credits in here for expending child and other family tax credits. this is the toughest it's been for main street. with all due respect as i listen we've heard the numbers over and over, and we heard 8.3 trillion in debt over 25 years. and over. we have heard $8.3 trillion in debt. and $25 trillion in debt by 2024. my constit wepts of my district are expected to balance their budgets. i'm going to tell you the budget is the issue with people. they understand the importance of balanci
CSPAN
Mar 3, 2014 2:00pm EST
of the treasury from assigning tax stay statutes to organizations based on their political beliefs and activities. h.r. 3865, an act to prohibit the internal revenue service from modifying the standard for determining whether an organization is operated exclusively for the promotion of social welfare for purposes section 012-c-4 of the internal revenue code of 1986. mr. reid: i would object to any further proceedings with respect to all four of these measures. the president pr the president pro tempore: objection is heard. the built will be placed on the calendar. scried i ask unanimous consent that today's proceedings be printed in the congressional record dated march 4, 2014. the president pro tempore: is there objection? without objection, so ordered. mr. reid: mr. president, because of the inclement weather, we've had to change things around significantly. but this is a message to all senators. we're going to do our utmost to get everything done wednesday and thursday. there will be some debate tomorrow. i am talking about the voting. if we can't, we're going to have to be here
CSPAN
Feb 27, 2014 8:00am EST
your chief of staff at homeland security that he made personal use of monies from tax-exempt charities? >> i was generally aware of his public testimony. it was highly publicized, and it concerned events 12-17 years ago. i'm more focused on the last five years when he's worked many national security. >> were you aware when he was hired that at one tomb he secured if writing approval for the retention of a private investigator to, quote-unquote, stoop on then-mayor of philadelphia ed rendell? >> as i said, his employment by senator fumo12-17 years ago when he was in his early 20s is a matter of public record. it was highly publicized. and anybody who knows christian marone knows that when he came out of college 12-17 years ago, he worked for senator fumo to. and if you don't, you could pirg that out by spending -- figure that out by spending six seconds on the internet. >> that's exactly my concern, he's been engulf inside a variety of controversy. have you reviewed this e-mail from april 21st, it's back in 19 t 8, but concern about the department must change its practice of h
total, complete conservative. not just conservative on, you know, some issues, tax cuts and so forth, but on both social and economic issues. all right. so as ashley said, in this book i lay out 11 principles of reagan conservativism, and i don't know how i came up with 11 other than i just laid out these principles, and i stopped and counted, and there were 11. some people said, well, you should do ten. make it like the ten commandments -- well, i'd have to combine them. there aren't ten, there's 11. well, 12, 11 is an odd number. this is what i got. i got 11, and i don't want to combine any of them, so i've got 11 principles. all right, so here they are, and there will be a quiz at the end of this. [laughter] so make sure you take notes quick. actually, you have a cheat sheet in the book, right? and on c-span you've got a dvr, so you can rewind it. but i'll rattle them off quick. freedom, faith, family, sanctity and dignity of human life, american exceptionalism, the founders' wisdom and vision, lower taxes, limited government, peace through strength, anticommunism and belief in th
CSPAN
Mar 1, 2014 7:00pm EST
draft, whole host of taxes in order to fight this war. a man who freed the slaves and one to fight a war to free the slaves. even after his martyrdom learned class is in the north continued to turn up in noses when lincoln's name was mentioned. 1972 charles francis adams and he also served in the lincoln administration as minister to great britain and before that as republican congressman. he delivered a memorial address after that that the former secretary of state william seward and portrayed in this address which was widely serialized, soared as the glue that kept the government together in perilous times. down to this hour no experiment has ever been made as that of elevating to the head of affairs a man with no little previous preparation. this might have been a set up whereby we could have said they got it worked well. he said only by good grace and locked it lincoln actually possess the wisdom to appoint as first minister sioux word, the mastermind of the government and savior of the union. naturally this speech enraged the lincoln family, lincoln's stall or defenders, particu
CSPAN
Mar 3, 2014 8:30am EST
significant action. tax reform, you're going to see a lot about this in the next 48 hours as dave camp, the ways and means committee chairman, unveils a very ambitious bill. lots of interesting features including a little surtax on the wealthy, that might go against republican orthodoxy. he talks about maybe even subjecting muni bond income to a surtax. that is a very controversial subject. he would do away with a lot of sacred tax breaks as you know. this is something that made most republicans very uneasy. they do not want to have attention drawn to anything that controversial. and i would say that the chances of tax reform this year are at best, 10%. and i'm being generous to even say that. next year with paul ryan as head of the ways and means committee things could change. then there is immigration. being optimist who would like to see a bill, i think there's a chance things could get a little more serious after the primaries. but between now and mid-summer, when so many republicans are going to look over their shoulder to a right-wing challenger, i think immigration is totally of
CSPAN
Feb 28, 2014 6:00am EST
the area of eligible for premium tax credit and even if they aren't making sure they are comfortable when we started that public information campaign, and to get taxpayers comfortable 70% or 80% don't have anything to do with it at all, i have insurance and will move on the way, a chunk of people will be affected. and how much we spend for i to your personnel on affordable care, what we spending this year and would we expect requirements will be in the next year or two? >> when you next appear before us, there will be a lot of discussion about the dollars that are necessary. >> i wanted to ask about bonuses. in making sure bonuses are given to employees, improved performance or goals they have met, i don't know if you have seen, we put some report language together. have you taken guidance in the language for bonuses to be awarded? to those who actually show improved employee performance and productivity? >> the pool is 1% of compensation on performance judgments made by managers not by employees, obviously comment and history is those awards have gone to two thirds of the employees
CSPAN
Feb 28, 2014 4:00pm EST
. taxes, my friends bobby have many tea party hispanics who are americans first. san antonio. then, of course, my very good friend and champion of conservative causes, senator ted crews. [applause] did was elected the appearance he was hispanic or because he was an american. i am proud to be of mexican descent, but i am much more prone to be an american. come bless america. thank you. [applause] ♪ >> ladies and gentlemen, please welcome organizer of the washington blue print, with the heart's load. >> i am from seattle. what is seattle known for? that is actually a good answer. a rain. we are known for starbucks know the seattle seahawks. what else is seattle known for? an incubator of national movements and trends. people think washington state is the blue, but it is not. it is purple. three years ago are read the book called the colorado blue print. some of you may be familiar with it. it is about four individuals put a plan together to change color of from red to blue. and sure you're thinking now, why is he so excited but this? well, because we can do that here. the washington st
CSPAN
Mar 5, 2014 10:00pm EST
dumais jor tax reform and come back and address the tax code again. that led the president to the view in july while he wants to pursue comprehensive tax reform and hopes we're in an environment we have a fiscal frame that permits us to make progress there, on the business side there ismuchore there is convergence of general approaches whereas if we were able to succeed you would do something new for the economy by having the business tax rate able to succeed we would do something very good for the economy by having the business tax rate, the statutory tax rate come down. our average tax rate is already lower because of all the loopholes that are bringing many companies special benefit. but our statutory rate is one of the highest in the world. th that's an extra burden for companies when they want to have their headquarters in the united states. it's an issue in terms of base erosion and our international conversations about making sure we don't have stateless income. i think it has the added benefit that there are one time savings where you really have two choices. you can eithe
CSPAN
Feb 26, 2014 4:00am EST
power through the spending caps of 2011 of the payroll tax holiday is indicative of the economy. of those such help to bring about the deficit reduction as a balanced approach to making progress to sustainability there were necessarily compounded by the sequestration in march and with the shutdown in october it took a large bite out of fourth quarter gdp growth as well. i will say more about fiscal policy and a moment but that it would be considerably less of a head wind in the years to come. before i move on to the more forward part of my talk i want to make one last point about the economy's progress to put it in a context of what we have seen at around the world with recovery from financial crisis. we know it is longer, harder, the more difficult and with that regard to prepare the united states to compare to the 11 other countries that winters systemic financial crisis as identified and what you see with the working age population and.it within four years which is considerably faster than the normal ted years verses' historic data. is a major -- the measure of the important ones
CSPAN
Mar 5, 2014 6:00am EST
high end of television and continuing to back the very important film tax credits that it works so very well. >> thank you mr. speaker. recently east coast and in service and private companies, thousands of pounds in wages. does the prime minister agree that the best way to protect patient staffing nhs resources is to extend federal information to private companies bidding for nhs contracts and stop the invasion of -- [inaudible] >> obviously i will look carefully at the individual case that he raises but what i would say is this government is putting 12.7 billion pounds into the nhs and i don't believe that we should rule out saying that other organizations cannot help to deliver nhs services if we look at the engine broke hospital in cambridge it is not providing much better services because of the changes we have made. i look at what he says about the freedom of information request but i think it's important that we have the health service that can access the best of both public and private involuntary. >> it's good news the prime minister has apparently resuscitated plans for a reca
CSPAN
Feb 26, 2014 12:00pm EST
been one of the most -- had one of the most negatively impacted taxes imposed upon one of its most dynamic job creators, the medical device industry. how ironic that you go to talk about creating jobs and economic growth, at the same time a proposal, a provision that was incorporated in the so-called affordable care act imposed a -- an egregious excise tax on not the profits but on the sales receipts of medical device companies simply as a pay-for for the obamacare act. as i said, indiana and minnesota, are home to many of the country's largest medical device manufacturers. in fact, my state of indiana exported more than $9.7 billion in life science products, including medical devices, and is second in the country, only to california, in terms of exports of life science products. so it's very important to our state and we have over 300 f.d.a. registered medical device manufacturers. some of them large, some of them small. they employ 20,000 hoosiers directly with an indirect support by nearly 30,000 more. so it's not a small thing for our state. it's one of the, pardon the pun, cut
CSPAN
Feb 26, 2014 2:00pm EST
tax bill, you can also come back and pass a new one. if you make a mistake, as this body did, by passing obamacare, you can always come back and repeal it. you make a mistake in domestic policies, you can always come back and reverse it somehow. not the same in foreign policy. once you have a nuclear -- nuclearized, weaponized iran, that's quite difficult to undo. and so is all the things that it will lead to. and let me also say that additional sanctions are no guarantee that they will never get a weapon, but it changes the cost-benefit analysis. it tests their pain threshold economically. it forces them to make a decision about whether they want to continue to be isolated from the world economically and is weaponizing worth it? and i'm telling you that if you put in place, whether it's the interim agreement or a final one that allows them to retain the capability to enrich in the future, they will build a weapon. that is not a matter of opinion. that is a matter of fact in my mind. and maybe this president won't be here by the time that happens, but someone's going to have to d
CSPAN
Mar 1, 2014 12:00am EST
safety, reduce crime and recidivism, and enhance justice and fairness, and save tax taxpayer dollars which is a win, win, win. states that have been successful in working in this area have looked at changes to their sentencing policies and the same way that legislation that i know you and mr. scott have cosponsored. and with regard to re-entry of ex-offenders. michigan, for example, through their prisoner re-entry initiative, has slashed their budget for corrections and has reduced the overall number of beds that are available. so there are lots of great ideas in the states and i'm starting to see them at the federal level. >> several mentions of mandatory minimums. how do this coincide with the smart on crimes approach. >> the legislative trends we're seeing in congress, with the smart sentencing act, starting to take that question head on. i was actually very positive -- a couple weeks ago i now you, mr. scott, were present at roundtable in which attorney general eric holder, senator mike lee, senator rand paul, participated in a discussion about these very issues, mandator
CSPAN
Feb 26, 2014 12:00am EST
expansion of the air and income tax credit for workers without children and in addition to the immediate steps the president has set out of range of ideas to invest in education and quick workers for the skills they will need for years to come, measures that help us grow and help ensure that that growth is widely shared. so in conclusion, i would say that the challenges we face are substantial. we continue to have some of the short run challenges, but the bigger ones are the ones that have been building up over the last decade, the slower productivity growth in the postwar years and the increase in inequality. a lot is in place to have more stability and certainty. i think that by itself will be a major help to the economy, but they're is a lot more the weekend should do. i would describe some of that ambitious agenda in my remarks here today and would be happy to discuss more of it in answer to any questions you may have. [applause] >> ken simonson. one of the most unborn things that its share of economic advisers can do is educate an advocate for good, federal statistics. we
CSPAN
Mar 1, 2014 3:45pm EST
interference and talk about it as a $169 billion hidden tax. that figure comes from the cato institute which, obviously, has a slant on this. first of all, when you think about it in an industry that generates about $2.7 trillion if revenue, that's a pretty low rate of taxation. but i would argue that it is really more in the nature of an investment than a tax, and it is what makes the rest of the $2.7 trillion possible. but this view of the antagonists has particularly been pervasive in health care. if you look briefly historically, teddy roosevelt first raised the issue of a national universal coverage plan in 1912 in his third party candidacy. he did not succeed. a few years later some of the states picked up the call. that brochure, i know it's hard to read the details, but on the left from 1918 was the pushback that talked about labor's socialistic attempt to take over our health care system. sound familiar? almost 100 years later. in the 1940s, harry truman proposed a similar plan. that was called socialized medicine. if you can see the puppeteer with the marionette, his two contraptio
conservative on some issues and tax cuts and so forth but on social and economic issues. so as ashley said in this book i laid out 11 principles of the conservatism and i don't know how i came up with the love and other than i laid out the principles and stopped and counted and there were 11. some people said you should do ten and make it the ten commandments. i would have to combine them but there's lots time, there's 11. there is 12, make it a dozen. even within is an odd number. i got 11 and i don't want to combine any of them. so here they are in the there will be a quiz at the end of this. make sure you take notes. you have a cheat sheet in the book and on c-span you can rewind it. but i will rattle them off. freedom, faith, family, sanctity of human life, american exceptionalism, the founders, wisdom and vision, lower taxes, limited government, peace through strength of anti-communism and a belief in the individual. those are the 11. i won't have time to go through all the living of thes love andt i'm going to try to go through a few and check the clock and at some point you will have t
CSPAN
Mar 5, 2014 12:00pm EST
expanding tax cuts for those in poverty and similar measures the democrats ran on and appreciate. it is a policy document used as a tool for 2015-2016 the final years of the obama presidency. we wants to get something done before leaving. he is figure out a policy plan for the final two years. >> host: is it realistic this plan can get through congress? >> guest: no, i don't think anyone expects the entire budget will pass. i don't think that is that has ever happened. but some things might have opportunity for bipartisan compromise. the business tax code reform would generate revenue to build bridges and roads and generate jobs and that is similar to a proposal that dave camp, the chairman of the house released last week. so ideas in the budget could be ground for compromise. >> host: does he indicate where he is going to act alone? >> guest: there is not so much of that. the president has a robust executive action plan he is implementing and he is taking action and has many more this year. the whitehouse is proud of announcing that. this is focused on what he would like congress to do
CSPAN
Mar 1, 2014 6:00am EST
conversations] >> clean up their act in the future. we have tax evasion which has gone up. we have to go after the tax debaters. we should have swiss cooperation to do that. will link to turn over the names except its government won't. shame on the government that won't let the banks turnover. >> you are going to retire soon. is this your legacy? >> no. we are going to hold another one on the other side. there will be more periods. not necessary in this subject. there will be other hearings, tax avoidance. >> you think u.s. bank regulators should revoke the charter of these banks? >> independently what it would be a question for the department of justice. not independent connection or cooperation with the department of justice. the law is pretty clear. you want to operate in the united states you have to abide by our rules. operating in switzerland we should abide by swiss rules. >> what about the ubs? >> we got some results. ubs model that we want the justice department to follow here, it is all models that involves using our tools, tools of grand juries, using salmons and subpoenas
CSPAN
Mar 1, 2014 5:50pm EST
strong so legal regulation and production and taxes and all those things, that i think it weakens its own but also for the 30s, 40s and part of the 50s they weren't allowed to have tasting room so customers cut in -- couldn't come in and try it. the secretary of honeywood at the time then bought it and she actually went to lobby for tasting rooms. so we hold one of the first tasting rooms because of her. she was a pioneer and i think that opened it up and made it a lot easier because if you can't try it it makes it hard to make a decision. i have read a lot about how it's definitely a big part of the economy and not just agricultural part but there's a lot of wineries that do weddings and restaurants so it kind of reaches out further than just production of wine. it really touches i think everybody in some way but definitely agriculturally it has grown so much and it's a large part of the oregon economy. i think the oregon wine industry is unique in the fact that there is a lot of small wineries so you get that more personal feel. you can move onto a tasting room
CSPAN
Feb 27, 2014 10:00am EST
government, more taxes, more regulation, and more debt. and we're not going to get out of it until we get off that path. so now we have a veterans bill before us. nobody, i don't believe, is more committed to veterans in this body than i've been and so many of my colleagues on both sides of the aisle want to do the right thing for veterans. but it's an audacious thing that we're seeing here today. let's review some of the history. just two months ago, every senate democrat, every senate democrat voted for a bill to cut military pensions for our soldiers. our military retirees and even our disabled veterans. it was in their bill. senate democrats then blocked not once but twice my efforts, other republican efforts to restore those cuts by closing a tax credit loophole for illegal immigrants. i see my colleague and friend, senator sanders, here. i'm going to get to the point, i'll just do it now because i know he's got a busy agenda and i think i know how the script will all play out and if i just had my glasses i might could read this better. here they are. senator sanders and colleagues,
CSPAN
Feb 27, 2014 10:00pm EST
get our government spending down to live within our means, to get fair taxes that don't ruin people's businesses and their lives, and we believe the things the republican party had been saying. that was our big crime, but they called us a big boy republican, and now to be referred to as a tea party patriot makes my life easier. didn't like the bad boy republican thing, but i just want you to know what brought me back because i left for 12 years, and when i left, having set term limits, i never thought i would come back to congress again, because when i left, we had actually balanced the budget for the first time in 40 # years. in 1998, we balanced the budget. 1999, we blnsed the budget, and in 2000, not only was it balanced, but had a 240 billion some surplus. the frl budget was 1.7 trillion. i fast forward, i'm out for 12 # years, and i see what happens in 2010. the glorious patriots standing up, fighting gebs the most tie rankle president every in the history of america, and i see -- my juices start fleeing, get energizedded, they are on the mark, and in 2012, i decided to come back
CSPAN
Mar 4, 2014 2:00pm EST
opened so many different avenues to oppose closing a single tax loophole. they've -- senate republicans oppose closing even a loophole for these oil companies or corporationcorporations that shs overseas. and this benefits the koch brothers. senate republicans have proposed asking billionaires to pay the same higher tax rate as middle-class tax families, as so illustrated by wa warren buffet. they have proposed workplace standards that might cost the koch brothers a few extra dimes, a few extra dollars, maybe. and the koch brothers are returning the favor with huge donations to republican senate candidates, either directly or indirectly. senate republicans, madam president, are addicted to koch. in fact, senate republicans hardly need the nrsc anymore, which for decade after decade was their main funding tool for the republican senate. not any longer. the koch brothers take care of that. besides, the nrsc can't hide its donors' identities, like the koch brothers' funding groups can. senate republicans call this freewheeling spending by anonymous donors nothing more than free speech -- f
CSPAN
Mar 4, 2014 10:00pm EST
of the year. allowing americans without pace -- facing a fine next tax season it would be $95 or 1 percent of taxable income which does none seem like a lot but if your income is higher that could hit you. so what republicans are arguing is the obama administration is breaks to businesses that otherwise would have been required to offer health insurance to their employees. there are delays associated with that mandate and republicans say it is not fair other individuals would be fined for not carrying health insurance if employers are not fine for not providing it. >> host: you wrote to the white house itself will announce further delays of the law. >> guest: we expect the white house to allow insurance companies to continue offering plans that does not meet the minimum coverage requirements. which we expect could be as soon as this week it will allow insurance companies to continue selling policies under obamacare rules for health care coverage so a policy that doesn't have maternity care or mental-health services could continue to be sold. what we understand from that stage that
. so initially the germans were treating it as a tax evasion case. like i sold it, didn't report his taxes. we intervened. we, the state department intervened. based on the washington principles, basic unit which event as well, and what michael is done, the work nancy has been. we said this is not just a tax evasion case. look at the washington principles and publish the art which initially they wouldn't do, but now, to the great credit, about 450 pieces have been published on the internet so claims could be made. been issued is, the question u.s., the statute of limitations. i can't guarantee this is going to happen but we urged the technical defense is not be used. that's what i feel so strong our meeting should set an example and they are considering an effect creating a new law that would waive the statute of limitations as to the art that's in -- whether they will do it or not still remains to be seen but they publicly indicated they are looking at it and h it would certainly be a wonderful thing. it would be constant with the washington principles so this story never end. it ne
CSPAN
Mar 5, 2014 10:00am EST
identification before voting a -- quote -- "modern poll tax" -- end quote. americans strongly support this basic safeguard for the integrity of our elections, and it's been endorsed by liberal democrats such as president carter. not surprisingly, in crawford v. marion county, the supreme court rejected that as well. he took the position in the supreme court that a church did not have the first amendment right to hire or fire individuals who were responsible for conveying the church's message and implementing its mission. the position the nominee advocated would greatly fringe on the free exercise rights of religious institutions. the supreme court rejected his views there, too, this time 9-0. 9-0. but it is his advocacy on behalf of the nation's most notorious cop killer that most calls into question his fitness for the powerful government position he seeks. back in december of 1981, 25-year-old officer daniel faulkner was conducting a routine traffic stop when wesley cook, also known as mumia abu-jamal, shot him in the back. he then stood over officer faulkner and shot him se
germany and austria was much more through the taxation offices having to pay certain taxes. and later as we move into the occupied countries, poland and holland and working with the banks that were taking over the jewish assets, and i think the most well known organization is easily referred to as the er or and that is an arm that was originally to be confiscating the propaganda that would be something the nazis were trying to subdue and it turned into an arm for confiscating the assets in france and belgium. so i think it's important you do is the term nazi try to keep inp in mind it is a bureaucratic effort from the top down. from where it was going to go as we all know hitler had to go and then the other leaders were collecting because they thought it showe showed them to be civid people and they were collecting them for themselves. but like any regime, i think that like many other nighties really -- not seized. could you stick to their advantage. >> did they support the war effort? >> they definitely saw the currency of the art, so the art that was to the regime and that you are fami
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